The Classification Unit Rate is based on
the actual cost of work-related injuries that occur within your
classification unit. A classification unit is a group of
businesses that operate within a similar industry.

The Residual Claims Levy Rate covers
ongoing costs for old injuries that occurred before 1999. In
1999 the ACC funding was changed to cover the full lifetime costs
of injuries that occurred in that year. The Government announced in
September 2015 that the Residual Claims Levy will cease from April
2016.

The IRD provide ACC with relevant earnings data from employer
monthly schedules. From this information, ACC calculates the
total levies due.

For more information on ACC premiums just give us a call or
visit the ACC
website.

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